Average tax rate is best described as:

A) The percentage of your income that goes to pay taxes.
B) The extra tax you would pay if you earned one more dollar.
C) The total dollar value of tax that is paid.
D) The rate set for differing tax brackets.
E) Pre-payments to Canada Revenue Agency to lower tax commitments.

Average Tax Rate

The proportion of total income that an individual or corporation pays in taxes.

Income

The amount of money received by an individual or business in exchange for labor, services, or investments, typically measured over a specific period of time.

Taxes

Compulsory financial charges imposed by a government on individuals, corporations, or other entities, primarily used to fund public expenditures.